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New UA president's pay package worth up to $652,000

Incoming University of Alabama President Guy Bailey held a media day with reporters at Gorgas Library on the UA campus on Sept. 4.

Dusty Compton | Tuscaloosa News

By Jay ReevesThe Associated Press

Published: Monday, September 10, 2012 at 3:30 a.m.

Last Modified: Sunday, September 9, 2012 at 11:36 p.m.

BIRMINGHAM | Guy Bailey received a substantial pay raise to leave Texas Tech University and become president at the University of Alabama, but his salary and incentives package worth as much as $652,000 annually still isn't in the same league as Crimson Tide football coach Nick Saban's.

Bailey began work last week as president. The campus has about 32,000 students. The university, responding Friday to an open records request by The Associated Press, said Bailey's annual salary will be $535,000.

The Alabama native and two-time UA graduate will be eligible for a perform-ance incentive of $105,000 a year based on meeting certain goals, but university system spokeswoman Kellee Reinhart said those benchmarks have not been established. “That is something he will do with (Chancellor Robert) Witt,” she said.

Bailey will receive an automobile allowance of $12,000 annually, plus a benefits program that includes insurance for medical, dental, vision and disability needs, plus life insurance. Reinhart said the value of the benefits package wasn't available. Bailey also gets to live in the President's Mansion, a three-story Greek Revival structure that dates to before the Civil War.

The package is larger than what Bailey earned as president at Texas Tech. He made $574,637 last year in salary, benefits and deferred compensation.

It's still only a fraction of what Saban earns as football coach.

Saban, whose team is ranked No. 1 nationally and won national titles two of the past three years, earns as much as $5.62 million annually under a two-year contract extension approved by trustees in March. Saban's salary is $245,000 a year; the rest is bonuses, fees for media appearances and other perks.

Bailey has said one of his main goals at Alabama is to bolster research. While he was at Texas Tech, the university's enrollment increased by about 14 percent, its graduation rate increased by 5 percentage points and its research spending grew 170 percent to almost $90 million.

Trustees hired Bailey in July to replace Witt, who left the job of president to become chancellor of the three-campus University of Alabama System.

<p>BIRMINGHAM | Guy Bailey received a substantial pay raise to leave Texas Tech University and become president at the University of Alabama, but his salary and incentives package worth as much as $652,000 annually still isn't in the same league as Crimson Tide football coach Nick Saban's. </p><p>Bailey began work last week as president. The campus has about 32,000 students. The university, responding Friday to an open records request by The Associated Press, said Bailey's annual salary will be $535,000. </p><p>The Alabama native and two-time UA graduate will be eligible for a perform-ance incentive of $105,000 a year based on meeting certain goals, but university system spokeswoman Kellee Reinhart said those benchmarks have not been established. “That is something he will do with (Chancellor Robert) Witt,” she said. </p><p>Bailey will receive an automobile allowance of $12,000 annually, plus a benefits program that includes insurance for medical, dental, vision and disability needs, plus life insurance. Reinhart said the value of the benefits package wasn't available. Bailey also gets to live in the President's Mansion, a three-story Greek Revival structure that dates to before the Civil War. </p><p>The package is larger than what Bailey earned as president at Texas Tech. He made $574,637 last year in salary, benefits and deferred compensation. </p><p>It's still only a fraction of what Saban earns as football coach. </p><p>Saban, whose team is ranked No. 1 nationally and won national titles two of the past three years, earns as much as $5.62 million annually under a two-year contract extension approved by trustees in March. Saban's salary is $245,000 a year; the rest is bonuses, fees for media appearances and other perks. </p><p>Bailey has said one of his main goals at Alabama is to bolster research. While he was at Texas Tech, the university's enrollment increased by about 14 percent, its graduation rate increased by 5 percentage points and its research spending grew 170 percent to almost $90 million.</p><p>Trustees hired Bailey in July to replace Witt, who left the job of president to become chancellor of the three-campus University of Alabama System.</p>